MT 430 Field Specifications

5. Field 59: Drawee

FORMAT

[/34x] 4*35x

(Account) (Name & Address)

PRESENCE

Optional

DEFINITION

This field identifies the drawee.

USAGE RULES

Drawee must be present when:

• The reference of the collecting bank is not known, ie, NONREF in field 21, to enable the collecting bank to identify the collection.

• There is a new drawee in field 74, to identify the initial drawee.

Account must not be used